Industry analysts are unanimously bullish on Bitcoin, believing that factors such as Trump's election as President of the United States and expectations of a Federal Reserve interest rate cut will continue to provide upside potential for Bitcoin in the future.

Less than a week after the US presidential election, the price of Bitcoin once again hit a new historical high. On the day of the month, Beijing time, Bitcoin briefly touched $19,864.15 per coin, approaching the $20,000 mark for the first time, and setting another historical high. As of Beijing time, Bitcoin remained at a high level, trading at $19,443 per coin. Virtual currency stocks in the Hong Kong market also surged rapidly. As of today's close, multiple stocks including Huaxia Ethereum saw gains of over 10%.

It is noteworthy that under the rapid rising market conditions, short-term fluctuations still exist. Data shows that in the past few hours, both long and short positions have been liquidated, with a total of .1 million people experiencing margin calls. Industry insiders advise that ordinary investors should not rashly "follow the trend" in investing in the Bitcoin market and should reasonably assess their risk tolerance.

Recently, the price of Bitcoin has surged rapidly, setting new highs. On the [specific date], Bitcoin briefly surpassed $60,000 per coin, and on the [specific date], it first broke through the $50,000 per coin mark, with an intraday increase of up to 10%. On the [specific date], Bitcoin briefly approached $58,000 per coin, just a step away from $60,000. Since [specific month], the price of Bitcoin has increased by over 100%.

Behind the significant surge in Bitcoin prices, continuous inflows of funds play a crucial role. According to data from Bosera International, the U.S. spot Bitcoin market has seen net inflows for five consecutive weeks, with approximately $1.17 billion flowing in during the last week (from the 10th to the 16th). Among them, the scale of several Bitcoin funds has surged. Taking the Bitcoin fund (IBIT) under BlackRock, the world's largest comprehensive financial services group in terms of asset management scale, as an example, data from IBIT shows that it attracted about $1.17 billion in capital inflows over the past week, and since its establishment in October, it has attracted a total of $1.7 billion in inflows. As the price of Bitcoin continues to rise, its total assets have exceeded $1.7 billion, surpassing the flagship gold trust fund (IAU) under the same company.

Bitcoin breaks through the $10,000 mark, primarily driven by sustained institutional demand entering through spot Bitcoin, rather than by retail investors. The co-founder stated that the "sticky" demand from institutional investors is a sign of long-term bullish sentiment and implies that the current market cycle is still in its early stages.

The Hong Kong stock market also saw a "highlight moment" for virtual currency gains. As of the close of the Hong Kong stock market, Huaxia Bitcoin rose by %, while Huaxia Ethereum, Bosera Ethereum, Southern Ethereum, and Jiashi Ethereum all saw gains of over %. Looking at the longer time frame, Bitcoin-related gains recently exceeded %.

In addition to Bitcoin, other cryptocurrencies are also surging rapidly. As of the time of writing, Ethereum, the world's second-largest digital currency, has risen % to USD per coin, and Binance Coin has risen % to above USD per coin. Most institutions believe that the rise of cryptocurrencies like Bitcoin may be related to Trump's election.

Trump maintains an open attitude towards virtual currencies. Haitong Securities Research Institute noted in a research report that Trump announced at a Bitcoin conference in Nashville, USA, that if he returns to the White House, he will ensure that the government retains its Bitcoin holdings and will classify Bitcoin as a strategic reserve asset for the United States, ensuring that the country becomes the global capital of cryptocurrency and a superpower in Bitcoin. Additionally, Trump stated at the aforementioned conference that on his first day in office, he would fire the current chairman of the US Securities and Exchange Commission (SEC), Gensler. It is understood that Gensler has implemented stricter regulatory policies for the cryptocurrency industry. In recent years, under Gensler's leadership, the SEC has filed multiple lawsuits against major cryptocurrency giants such as Binance.

After hitting new highs consecutively, is there still room for Bitcoin to rise further? "The outcome of this election will 'have a short-term impact on the sentiment of the crypto market'." Analysts from research and brokerage firm Bernstein, including Gogia, predict in their report that if Trump wins the election, Bitcoin could surge to between $14,000 and $16,000 within the next two months, breaking the historical high of nearly $12,000 set in November.

Yu Jianing, Co-Chairman of the Blockchain Special Committee of the China Communications Industry Association and Honorary Chairman of the Hong Kong Blockchain Association, believes that the future market trend depends on multiple factors. Firstly, whether the market's optimism can be sustained after Trump's policies are implemented, and whether these policies can bring substantive support to the industry, are key influencing factors. Secondly, the driving force for short-term upward movement is mainly the market's expectation of favorable future policies. If the details of these policies do not meet market expectations or are not as clear or loose as anticipated, it could lead to a correction.

A cryptocurrency industry researcher told reporters that the market expects the Federal Reserve to likely cut interest rates in the future. Lowering interest rates reduces the cost of capital, stimulates economic activity and investment, making investors more inclined towards high-risk, high-return assets, which is also conducive to the continued rise of the Bitcoin market.

Although Bitcoin has shown positive trends recently, many industry experts and investors interviewed believe that there is still a high level of investment risk. On one hand, the price fluctuations of Bitcoin have been relatively large in the past half month. By the end of the month, Bitcoin had briefly risen above $10,000 per coin, but quickly corrected at the beginning of the month, and dipped to around $9,000 per coin on the 10th. It wasn't until the 15th that the price of Bitcoin began to surge. On the other hand, despite the overall rise in cryptocurrencies like Bitcoin, rapid fluctuations still exist in the short term. Data shows that in the past 24 hours, the Bitcoin market experienced a double blow to both long and short positions, with a total of 100,000 people being liquidated, amounting to nearly $1 billion in liquidation, including $600 million in long positions and $400 million in short positions.

The industry researcher mentioned to the reporter that the digital asset market is currently experiencing high sentiment, which may lead to a risk of correction. Investors are advised to reduce high leverage operations at this stage and reasonably assess their own risk tolerance.